💣 Thailand 🇹🇭 dismantles network processing 5 billion baht monthly from illegal gambling through JaiJaiPay

💣 Thailand 🇹🇭 dismantles network processing 5 billion baht monthly from illegal gambling through JaiJaiPay

The Cyber Crime Investigation Bureau (CCIB) carried out an operation called “Throw The Hook”, during which authorities detained not only individuals of the payment service, but also system administrators, cryptocurrency influencers, and even several motorcycle racers linked to a money-laundering network and the management of 600online gambling websites.

🔠 The investigation began with the site www.muaypakyok.one, which offered Thai boxing betting, slot machines, blackjack, and fishing games. A review of financial transactions revealed irregularities. Authorities found that the site used both corporate and individual accounts belonging to involved parties to receive bets and transfer funds. All accounts were connected to the JaiJaiPay payment system.

🔠 Jaijaipay was created specifically to service gambling operations and operated without a license.

🔠 In total, 14 people were arrested, while authorities seized electronic equipment, vehicles, and jewelry worth 31 million baht (952 250 USD). The suspects face charges related to joint organization of unauthorized gambling through electronic media, as well as conspiracy to commit money laundering and money laundering.

#news #Asia #fraud #gambling #crypto

🌎 payplanet.com verified partner for LatAm, India🇮🇳 Turkey🇹🇷 @pay_planet